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Financial Analyst

Philadelphia, Pennsylvania, United States
December 27, 2017

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Karen A. Stegeman

*** **** ******

Philadelphia, PA 19147

Mobile: (267) ***-****

LinkedIn: Summary:

Extensive experience with a global Fortune 500 financial services insurance brokerage in positions of increasing responsibility, working in several branch offices, and in the corporate headquarters in New York. Possesses a solid understanding of the commercial insurance cycle, the roles and responsibilities in servicing accounts, and the documentation associated with new and renewal milestones. Proven effectiveness in:

Risk and control assessment and related process analysis,

Project management (needs assessment, status tracking, testing, training, and documentation),

GAAP and IFRS revenue recognition interpretation,

Communication to diverse audiences,

Collaborative work approach, and

Strong internal/external client advocacy.

Highlights of Accomplishments:

• Led the successful financial and administrative process integration in multiple field locations for two significant corporate business acquisitions.

• Created financial reports (budget, forecast, and actuals) and management analysis for revenue streams in excess of $150MM, providing counsel to business leadership on trends and strategy.

• Designed and implemented various financial controls in a complex environment, involving multiple stakeholders and cross-functional teams and the handling of sensitive client information.

• Designed and developed processes, composed reference and training documentation, and managed the training for the transfer of complex financial functions to an offshore, outsourcing firm.

• Developed requirements and designed revenue logic and reporting for a new Oracle-based, US transaction system for client revenue streams.


Marsh & McLennan Companies – Corporate Controllership (2008 – 2016) Operational Finance Manager, (US Revenue Recognition)

• Managed a team of six financial analyst specialists, onshore and offshore, to ensure the appropriate GAAP revenue recognition of brokerage and consulting revenue for the US brokerage geography.

• Advised senior account leaders on custom transaction solutions for specific client requests, often involving coordination with multiple global locations. Karen A. Stegeman

• Analyzed and composed revenue treatment recommendations for complex business cases, including construction projects, evolving traditional insurance products, and new revenue streams.

• Compared complex business transactions to client engagement contracts for adherence to contract compensation and service terms, serving as a primary liaison, on behalf of the brokerage and FP&A, to the corporate Legal and Compliance groups. Advised the business and assisted in the drafting of contract terms to achieve both maximum clarity and financial advantage.

• Supported internal clients, including FP&A, brokerage teams, Compliance/Legal, and Operations, on revenue questions and information requests. Advised and assisted with applicable reports, including institutional, ad hoc, and hybrid (i.e., synthesis of existing report elements).

• Developed and led periodic training sessions to a large, diverse audience on the application of GAAP concepts to business processes, using a variety of formats.

• Managed and performed key functions in financial closings, including the qualification of diverse revenue journal entry submissions, the execution of post-close revenue analysis controls, and the composition of closing reports.

• Developed and documented process flows for onshore and offshore teams and collaborated on processes involving matrixed areas of responsibility.

• Provided support to internal and external auditors, and was responsible for the management of requested information, responding to questions, and drafting of position/response statements. Marsh USA Inc. (2000 – 2008)

Senior Vice President, FP&A Assistant Regional Financial Advisor

• Served as the Financial Advisor to the Financial Products brokerage specialty in the Northeast, as well as the national advisor to the US small commercial accounts division. Budgeted and forecasted revenue and expense for approximately $180MM annual revenue. Advised leadership on trending and potential strategies.

• Analyzed account portfolio for the sale/transfer of small accounts, conducting qualification interviews with account owners and business leadership.

• Directed the implementation of corporate processes, including local office treasury controls, disaster-recovery planning, and the selection of external vendors.

• Developed and executed procedures for organizing the office physical inventory and onsite/offsite records retention.

Drexel University, Philadelphia (1990 – current)

Adjunct Instructor, Department of English

• Teach an evening section of freshman writing, to a diverse student group, utilizing both traditional classroom sessions and on-line discussions and collaboration.

• Tailor department-directed curriculum to the needs of the changing student participants.

• Received Excellence in Teaching award in May 2016. Education: Northern Illinois University, DeKalb, IL, MA St. Xavier University, Chicago, IL, BA

Other Credentials: Property and Casualty Insurance Producer License (Resident). State of PA

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